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Coinbase has waived conversion fees to try and induce customers to switch from USDT to USDC. Meanwhile, Binance has delisted USDC trading pairs and is pushing its own BUSD stablecoin.
Coinbase is recommending investors abandon the USDT stablecoin for USDC. According to Coinbase, USD Coin (USDC) is the highly reputable stablecoin in the market.
Coinbase pushes the adoption of the digital dollar by allowing customers to seamlessly switch from USDT (USD Tether) to the popular USDC (USD Coin) with zero fees. By adopting the convention of USDT, users will be able to switch between these two stablecoins.
Top US-based crypto exchange platform Coinbase is issuing a warning to its customers, advising them to convert their Tether (USDT) stablecoin holdings into USD Coin (USDC).
In almost identical statements—one to the NYT and another on Twitter—the former FTX CEO denies trying to make UST and USDT lose their pegs to the dollar.
Coinbase (NASDAQ:COIN), the top crypto exchange in the US, has posted a statement telling customers to migrate from Tether – USDT, to USDC – the dollar-based stablecoin issued by Circle.
London, UK, Dec. 09, 2022 (GLOBE NEWSWIRE) -- The cryptocurrency arbitrage platform Mosdex is constantly introducing new ways to onboard customers and help members generate passive income in crypto markets.
Coinbase is offering to convert USDT to USDC with no fees. The firm said in a Thursday (Dec. 8) blog post that the recent turmoil in the cryptocurrency markets had seen a “flight to safety,” even from fiat-backed stablecoins, which are cryptocurrencies pegged to reserve assets like the U.S. dollar.
The USDC stablecoin saga continues as leading cryptocurrency exchange Coinbase attempts to ease the conversion process of USDT holders looking to convert their USDT to USDC.
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin.
Coinbase is pushing its users to convert its Tether to its own stablecoin USDC.
Coinbase is waiving the conversion fees for users switching to a "trusted stablecoin" in a new campaign that highlights the quality of reserves that back Circle-owned USD Coin (USDC). Meanwhile, crypto trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea F.C.
The exchange is urging users to make the jump to USDC, what it considers to be a reputable asset amid uncertain times
Tether ties almost everything in the cryptocurrency market. If it falls, the wreck could disrupt the whole crypto world.
U.S.-based crypto exchange Coinbase surprised industry watchers by showing a preference for one stablecoin over another. Specifically, the company has encouraged customers to convert their USDT stablecoin to USDC.
USDC is at annual lows in terms of its market capitalization, despite USDT's descent
Nasdaq-listed cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) has thrown its weight behind USD Coin (USDC), the stablecoin issued by Circle, in a broadside against Tether, the issuer of the world's largest stablecoin USDT. "The events of the past few weeks have put some stablecoins to the test and we've seen a flight to safety," Coinbase said in a blog post, adding: "We believe that USD Coin (USDC) is a trusted and reputable stablecoin.
Recently, there has been a significant amount of worry over the credibility of Tether (USDT). In a most recent turn of events, controversy seems to be brewing in the industry as a result of Coinbase publishing a blog post that criticizes USDT and urges users and investors to migrate to its competitor, USD Coin (USDC).
The drama surrounding FTX and Binance continues to unfold as new text messages emerge that show what went on behind the scenes as the exchange crumbled. The post CZ accused SBF of trying to depeg USDT though Alameda appeared first on CryptoSlate.
According to a blog post published on December 8, Coinbase is encouraging its users to exchange their Tether (USDT) holdings for USD Coin (USDC). The US-based exchange claims that recent events have demonstrated that during volatile times, clients require stability and trust in fiat-backed stablecoins.
In a recent development, Coinbase has asked its users to switch their USDT to USDC.
Coinbase waived USDT-USDC conversion fees. It is the second CEX to do so after Binance.
Tether's price is meant to be fixed at $1 but it has slipped below that several times in 2022. Analysts warn its collapse could trigger a crypto crash.
Coinbase has called on users to convert their Tether stablecoins to the stablecoin it cofounded, USD Coin — while waiving fees for doing so. The post Stablecoin wars heat up as Coinbase offers fee-free swaps from USDT to USDC appeared first on The Block.
